Slower spread of the coronavirus in recent days as well as hopes that oil output cut agreement may be reached continue to push US indices higher and higher. Most of the Wall Street indices have already recovered around half of losses incurred during the February-March drop. S&P 500, Dow Jones and Nasdaq have already rallied 25-30% from mid-March lows.
Nasdaq (US100) is making a break above the 50% retracement and 200-session moving average today as coronavirus data continues to support sentiment. Source: xStation5
Daily summary: Trump’s remarks give Wall Street some hope🗽 Oil hovers around $100
📈 US500 attempts a rebound
Wall Street under pressure again 📉IT stocks fall, oil & gas sector surge
🚩Nasdaq loses again as oil and treasuries yields rebound